On the afternoon of March 29, Comrade Nguyen Van Thi, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee chaired a working session with the Department of Debt Management and External Finance (Ministry of Finance) led by Comrade Hoang Hai, Deputy Director of the Department, on the implementation and disbursement of foreign capital.
Permanent Vice Chairman of the Provincial People's Committee Nguyen Van Thi spoke at the meeting.
According to the report of the Provincial People's Committee, the total foreign capital plan assigned to Thanh Hoa province in 2023 is 628.5 billion VND. This capital source has been assigned detailed plans for 6 projects according to regulations. As of January 31, 2024, the value of foreign investment disbursement in 2023 reached 320.5 billion VND, reaching 51%.
Representatives of the Department of Planning and Investment reported on the implementation and disbursement of foreign capital in the province.
In 2024, Thanh Hoa province's foreign investment capital plan is allocated nearly 538.8 billion VND for 2 ODA projects and foreign preferential loans; of which, foreign capital is added to the central budget balance of more than 429 billion VND and re-loan capital is 109.5 billion VND. These are transitional projects, have completed all documents and procedures according to regulations and are speeding up implementation progress to complete the signed agreement.
Representatives of the Department of Debt Management and Foreign Finance and related units and localities of Thanh Hoa province attended the meeting.
Thanh Hoa province requested the Ministry of Finance to consider and guide the province in allocating foreign capital in 2023 and recording revenue and expenditure for a number of appropriate projects; at the same time, consider and adjust the total investment capital from the province's local budget deficit in 2024 from VND 109.5 billion to VND 180.7 billion.
The Director of the Management Board of Nghi Son Economic Zone and Industrial Zones Construction Investment Project reported difficulties related to the Dynamic Urban Development Project - Tinh Gia Urban Sub-project, Thanh Hoa province.
At the meeting, representatives of provincial departments, branches, investors and localities discussed and explained some difficulties in implementing and disbursing capital in the past time, such as: Some projects had to be reported to competent authorities for consideration and adjustment of investment policies, so there was no basis for implementation; prices of construction materials and supplies fluctuated and were scarce, affecting the financial plans of contractors and construction progress; investment implementation procedures and contractor selection plans in bidding packages using aid capital caused procedures; difficulties in arranging counterpart funds and accounting for ODA capital revenue and expenditure for disbursed amounts but not yet recorded...
Director of the Project Management Board for Investment in Construction of Agricultural Works and Rural Development reported on the implementation status of the Sub-Project for Improvement of Urban Infrastructure of Ngoc Lac, Ngoc Lac District, Thanh Hoa Province.
Based on the reports and discussions of departments, branches and investors, the working group of the Department of Debt Management and External Finance has recorded the recommendations; at the same time, suggested to Thanh Hoa province specific plans and methods to remove difficulties and facilitate the disbursement of this capital source.
Comrade Hoang Hai, Deputy Director of the Department, Head of the delegation on the implementation and disbursement of foreign capital, spoke at the working session with Thanh Hoa province.
Comrade Hoang Hai, Deputy Director, requested the investors of the Dynamic Urban Development Project - Tinh Gia Urban Sub-project, Thanh Hoa Province and Ngoc Lac Urban Infrastructure Improvement Sub-project, Ngoc Lac District, Thanh Hoa Province to study, consider and soon propose a plan to adjust the completion time for the above two projects. At the same time, the working group requested Thanh Hoa Province to direct investors and localities to actively coordinate implementation, resolve related tasks, create favorable conditions in terms of legal basis and land to promote project progress. The Ministry of Finance will always commit to accompany Thanh Hoa Province, departments, branches and investors in allocating capital in a timely manner.
Speaking at the meeting, Permanent Vice Chairman of the Provincial People's Committee Nguyen Van Thi said: In recent times, with the attention of the Government and central ministries and branches, Thanh Hoa province has been given priority in allocating preferential foreign capital sources to meet investment needs, promoting the progress of projects of practical significance to the socio-economic development of the province. However, due to various reasons related to institutions and site clearance, some projects have not met the expected progress.
The Standing Vice Chairman of the Provincial People's Committee spoke at the meeting.
The Standing Vice Chairman of the Provincial People's Committee emphasized: In 2024, Thanh Hoa province is making great efforts and determination to direct investors and related units and localities to remove difficulties, speed up the implementation progress and disburse capital for 2 projects: Project for Comprehensive Development of Dynamic Cities - Tinh Gia Urban Sub-project, Thanh Hoa province and Ngoc Lac Urban Infrastructure Improvement Sub-project, Ngoc Lac district, Thanh Hoa province. These are identified as 2 projects that will contribute to changing the infrastructure of Nghi Son town and Ngoc Lac mountainous district. Therefore, he suggested that based on the suggestions of the working group, investors should proactively develop and promptly advise the Provincial People's Committee to report to competent authorities on solutions to resolve difficulties and obstacles to promote implementation progress and capital disbursement.
Delegation members speak at the meeting.
He also expressed his gratitude for the attention of the Department of Debt Management and External Finance (Ministry of Finance) in suggesting ways to overcome difficulties, and hoped that the department would continue to pay attention to allocating foreign preferential capital for new projects; especially projects in mountainous and midland districts, projects in the fields of agriculture and environment that need funding from international organizations and are in accordance with Vietnam's legal conditions.
Minh Hang
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